Piracy is a significant global threat to international sea-borne
trade - the life-blood of modern industrial economies and vital for
world economic survival. The pirates of today are constantly in the
world's news media, preying on private and merchant shipping from
small, high-speed vessels. Andrew Palmer here provides the
historical background to the new piracy, its impact on the shipping
and insurance industries and also considers the role of
international bodies like the UN and the International Maritime
Bureau, international law and the development of advanced naval and
military measures. He shows how this 'new' piracy is rooted in the
geopolitics and socio-economic conditions of the late-20th century
where populations live on the margins and where weak or 'failed
states' can encourage criminal activity and even international
terrorism. Somalia is considered to be the nest of piracy, but
hotspots include not only the Red Sea region, but also the whole
Indian Ocean, West Africa, Latin America, Southeast Asia and the
South China Seas.
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